Stifel Nicolaus Boosts Orla Mining (TSE:OLA) Price Target to C$8.00

Orla Mining (TSE:OLA) had its target price upped by investment analysts at Stifel Nicolaus from C$6.50 to C$8.00 in a report issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 15.77% from the company’s current price.

Several other research firms have also recently weighed in on OLA. Scotiabank increased their price objective on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. CIBC raised their price target on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$6.56.

Orla Mining Stock Performance

OLA stock traded up C$0.12 during trading hours on Monday, hitting C$6.91. 214,803 shares of the stock were exchanged, compared to its average volume of 466,188. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The firm has a market capitalization of C$2.21 billion, a P/E ratio of -138.00 and a beta of 1.57. The company has a 50-day simple moving average of C$5.70 and a two-hundred day simple moving average of C$5.50. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.02.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). The firm had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. On average, analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. Over the last 90 days, insiders sold 101,000 shares of company stock valued at $577,457. 51.68% of the stock is currently owned by corporate insiders.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.